Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$510M |
| 2 |
Aptiv
APTV
|
+$358M |
| 3 |
LyondellBasell Industries
LYB
|
+$345M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$290M |
| 5 |
NXP Semiconductors
NXPI
|
+$195M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$479M |
| 2 |
Duke Energy
DUK
|
+$392M |
| 3 |
Verizon
VZ
|
+$261M |
| 4 |
Crown Castle
CCI
|
+$186M |
| 5 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$167M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.63% |
| 2 | Technology | 14.57% |
| 3 | Healthcare | 13.9% |
| 4 | Consumer Discretionary | 9.72% |
| 5 | Industrials | 8.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BFS
1651
Saul Centers
BFS
$836M
| $9.78M | ﹤0.01% |
153,758
+11,255
| +8% | +$741K |
|
|
PWE
1652
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $9.78M | ﹤0.01% |
5,726,666
-412,773
| -7% | -$640K |
|
1653
Herc Holdings
HRI
$5.02B
| $9.78M | ﹤0.01% |
303,727
-1,628,163
| -84% | -$54.6M |
|
|
SASR
1654
DELISTED
Sandy Spring Bancorp Inc
SASR
| $9.76M | ﹤0.01% |
334,302
| – | – |
|
|
SNBR
1655
DELISTED
Sleep Number
SNBR
| $9.76M | ﹤0.01% |
472,923
-15,971
| -3% | -$393K |
|
|
NPKI
1656
NPK International
NPKI
$1.06B
| $9.74M | ﹤0.01% |
1,385,732
+365,548
| +36% | +$2.42M |
|
|
HIBB
1657
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $9.72M | ﹤0.01% |
255,000
-12,762
| -5% | -$480K |
|
|
CZZ
1658
DELISTED
Cosan Limited
CZZ
| $9.71M | ﹤0.01% |
1,422,666
| – | – |
|
|
PTLA
1659
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $9.71M | ﹤0.01% |
447,681
+53,562
| +14% | +$1.26M |
|
1660
Four Corners Property Trust
FCPT
$2.81B
| $9.71M | ﹤0.01% |
476,428
+229,078
| +93% | +$4.82M |
|
1661
GATX Corp
GATX
$6.35B
| $9.69M | ﹤0.01% |
227,736
| – | – |
|
|
CMO
1662
DELISTED
Capstead Mortgage Corp.
CMO
| $9.69M | ﹤0.01% |
1,075,708
| – | – |
|
1663
Tenaris
TS
$28.9B
| $9.68M | ﹤0.01% |
357,005
| – | – |
|
|
SNR
1664
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $9.68M | ﹤0.01% |
878,439
+141,000
| +19% | +$1.67M |
|
|
ITG
1665
DELISTED
Investment Technology Group Inc
ITG
| $9.64M | ﹤0.01% |
588,928
+214,197
| +57% | +$3.53M |
|
1666
Granite Construction
GVA
$5.29B
| $9.61M | ﹤0.01% |
202,344
-39,788
| -16% | -$1.93M |
|
1667
Pegasystems
PEGA
$5.02B
| $9.6M | ﹤0.01% |
681,284
-77,144
| -10% | -$1.05M |
|
1668
Planet Fitness
PLNT
$4.42B
| $9.59M | ﹤0.01% |
+500,000
| New | +$10.3M |
|
1669
Aaon
AAON
$7.3B
| $9.57M | ﹤0.01% |
521,669
+75,000
| +17% | +$1.38M |
|
|
SHLM
1670
DELISTED
Schulman (A.) Inc
SHLM
| $9.57M | ﹤0.01% |
344,056
| – | – |
|
|
BPFH
1671
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $9.54M | ﹤0.01% |
778,476
| – | – |
|
|
PGND
1672
DELISTED
PRESS GANEY HOLDINGS INC COM STK (DE)
PGND
| $9.54M | ﹤0.01% |
247,172
+61,896
| +33% | +$2.49M |
|
1673
Rogers Corp
ROG
$2.21B
| $9.54M | ﹤0.01% |
163,455
| – | – |
|
|
IPHI
1674
DELISTED
INPHI CORPORATION
IPHI
| $9.53M | ﹤0.01% |
+229,405
| New | +$8.86M |
|
1675
Forrester Research
FORR
$223M
| $9.51M | ﹤0.01% |
256,053
+61,354
| +32% | +$2.43M |
|
Similar funds
Norges Bank's Q3 2016 Portfolio in Review
As of Q3 2016, Norges Bank held 2,233 positions worth $212B, up 0.53% from $210B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q3 2016 filing shows 58 new, 931 increased, 669 reduced and 85 closed positions. Its largest new stake was Fortive: 4,010,057 shares worth $123M. The largest sale was EMC CORPORATION, an estimated $479M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q3 2016 buy was Fortive: 4,010,057 shares worth $123M.
- Norges Bank added most to Broadcom in Q3 2016, an estimated $510M increase.
- Norges Bank's biggest Q3 2016 reduction was Verizon, cutting an estimated $261M.
- Norges Bank fully exited EMC CORPORATION in Q3 2016, selling an estimated $479M.
- Norges Bank's ten largest holdings make up 14% of its $212B portfolio in Q3 2016.
- Norges Bank opened 58 new positions and closed 85 in Q3 2016.
- Norges Bank's portfolio value rose 0.53% quarter-over-quarter to $212B.
Based on Norges Bank's 13F filing for Q3 2016, filed 14 Nov 2016.